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Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 7,853,343 $ 6,601,416
Accounts receivable, less allowance 12,904,168 12,330,665
Inventories 24,494,992 22,292,909
Deferred income taxes 281,573 206,732
Prepaid expenses and other current assets 988,288 1,195,613
Total current assets 46,522,364 42,627,335
Property, plant and equipment:    
Land 288,313 160,405
Buildings 2,276,662 2,298,712
Machinery and equipment 7,657,373 6,859,056
Total property, plant and equipment 10,222,348 9,318,173
Less: accumulated depreciation 7,716,224 7,102,419
Net plant, property and equipment 2,506,124 2,215,754
Note receivable 1,765,831 1,839,262
Intangible assets, less accumulated amortization 3,284,663 1,866,231
Deferred income taxes 1,053,926 943,606
Other assets 88,828 88,828
Total assets 55,221,736 49,581,018
Current liabilities:    
Accounts payable 4,935,495 5,678,910
Other accrued liabilities 3,768,525 3,538,649
Total current liabilities 8,704,020 9,217,559
Long-term debt 17,568,484 13,522,000
Other accrued liabilities - non current 1,174,305 1,489,648
Total liabilities 27,446,809 24,229,207
STOCKHOLDERS' EQUITY    
Common stock, par value $2.50: authorized 8,000,000 shares; issued - 4,454,024 shares in 2011 and 4,374,574 shares in 2010, including treasury stock 11,134,303 10,935,676
Treasury stock, at cost, 1,319,047 shares in 2011 and 1,305,237 shares in 2010 (11,844,354) (11,710,616)
Additional paid-in capital 5,120,277 4,603,194
Accumulated other comprehensive loss (1,038,319) (875,157)
Retained earnings 24,403,020 22,398,714
Total stockholders' equity 27,774,927 25,351,811
Total liabilities and stockholders' equity $ 55,221,736 $ 49,581,018